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5.27.26
Wilson Sonsini Advises Thea Energy on $100 Million Series B
On May 27, 2026, Thea Energy, a technology company advancing the stellarator for the commercialization of an abundant source of baseload fusion power, announced it has raised $100 million in Series B funding that draws support from Thomas Tull’s US Innovative Technology Fund (USIT), General Innovation Capital Partners (GICP), Linse Capital, Calm Ventures, Climate Capital, Divergent Capital, Emerald Technology Ventures, Gaingels, Idemitsu Kosan, Overlay Capital, Timescale Ventures, and Whatif Ventures. Wilson Sonsini Goodrich & Rosati advised Thea Energy on the transaction.
Client Highlights
4.17.26
Wilson Sonsini Advises Zanskar on Close of $40 Million in Novel Development Capital Financing
On April 16, 2026, Zanskar, the first AI-native geothermal energy company, announced the closing of $40 million in a Development Capital Facility. Wilson Sonsini Goodrich & Rosati advised Zanskar on the transaction, which is among the first ever structured for early-stage geothermal development. The financing was co-led by Just Climate and Spring Lane Capital, with additional capital committed by Tierra Adentro Growth Capital.
The Development Capital Facility draws on best practices from the renewables and natural resource sectors, establishing a revolving development credit facility designed to accelerate project development across Zanskar’s growing portfolio. The non-recourse facility covers key pre-construction activities, bridging projects to traditional bank project financing, and is structured to upsize to $100 million as Zanskar’s portfolio scales.
The financing transaction strengthens Zanskar’s ability to commercialize its pipeline of naturally occurring geothermal systems and sets a scalable financing precedent for greenfield geothermal as a recognized asset class across the United States.
The Wilson Sonsini team that advised Zanskar on the transaction included Scott Zimmermann, Jason Slagle, Nicole Gambino, Bob O’Connor, Jordana Palgon, and Jenae Sharp.
The Development Capital Facility draws on best practices from the renewables and natural resource sectors, establishing a revolving development credit facility designed to accelerate project development across Zanskar’s growing portfolio. The non-recourse facility covers key pre-construction activities, bridging projects to traditional bank project financing, and is structured to upsize to $100 million as Zanskar’s portfolio scales.
The financing transaction strengthens Zanskar’s ability to commercialize its pipeline of naturally occurring geothermal systems and sets a scalable financing precedent for greenfield geothermal as a recognized asset class across the United States.
The Wilson Sonsini team that advised Zanskar on the transaction included Scott Zimmermann, Jason Slagle, Nicole Gambino, Bob O’Connor, Jordana Palgon, and Jenae Sharp.
Client Highlights
3.30.26
Wilson Sonsini Advises Octopus Energy on Majority Stake Acquisition of Uplight
On March 24, 2026, Octopus Energy Group, a global clean energy and technology business driving the affordable, green energy system of the future, will cement its expansion in the U.S. by acquiring a majority stake in Uplight, a leading provider of customer engagement and flexibility management solutions that rapidly transform customer participation into dependable grid capacity. The deal is made in partnership with Schneider Electric, a global energy technology leader trusted by utilities worldwide, which will remain as a significant minority partner. The transaction is subject to customary regulatory approvals and is expected to complete later this year. Wilson Sonsini Goodrich & Rosati advised Octopus Energy on the transaction.
Client Highlights
3.13.26
Wilson Sonsini Advises Urgently on Acquisition by Agero
On March 13, 2026, Agero, a software-enabled driver safety services and technology company, announced that it has entered into an agreement to acquire Urgent.ly (Urgently), a digital software platform that provides roadside and mobility assistance, for a cash price of $5.50 per share. The tender offer and merger are expected to close by the end of May 2026, subject to satisfaction of customary closing conditions. Wilson Sonsini Goodrich & Rosati advised Urgently on the transaction.
Client Highlights
3.02.26
Wilson Sonsini Advises Sense on Strategic Investment from Analog Devices
On January 27, 2026, Sense, a leader in grid edge intelligence, announced it has received a strategic investment from Analog Devices, Inc. (ADI), a global semiconductor leader that bridges the physical and digital worlds to enable breakthroughs at the Intelligent Edge. This new investment enables further development of grid edge intelligence and management solutions for grid operators. Together, the companies will work with smart meter developers and others in the energy industry to accelerate the adoption of high-performance data and computation capabilities to enable a smarter grid. Wilson Sonsini Goodrich & Rosati advised Sense on the transaction.
Client Highlights
2.12.26
Wilson Sonsini Advises Delta40 on $20 Million Funding
On February 11, 2026, Delta40, an integrated venture studio and VC fund investing in and supporting founders on the frontlines of Africa’s most urgent challenges, announced $20 million in funding. The milestone marks Africa’s first institutional raise linking venture building and early-stage capital, merging investment with hands-on studio support from experienced operators to build and scale start-ups across the continent. Wilson Sonsini Goodrich & Rosati advised Delta40 on the transaction.
Delta40 initially launched its venture studio model in Kenya and has since expanded to Lagos, Nigeria, providing portfolio companies with direct, on-the-ground support as they scale across the continent. Delta40 pioneered a unique venture studio and fund model that combines early-stage capital with embedded product, fundraising, commercial, finance, legal, growth, and exit expertise. Through this model, Delta40 partners with founders from idea to scale across energy and mobility, agriculture, and fintech—with a goal to integrate AI across all sectors.
Delta40 initially launched its venture studio model in Kenya and has since expanded to Lagos, Nigeria, providing portfolio companies with direct, on-the-ground support as they scale across the continent. Delta40 pioneered a unique venture studio and fund model that combines early-stage capital with embedded product, fundraising, commercial, finance, legal, growth, and exit expertise. Through this model, Delta40 partners with founders from idea to scale across energy and mobility, agriculture, and fintech—with a goal to integrate AI across all sectors.
Client Highlights
10.23.25
Wilson Sonsini Advises Redwood Materials on $350 Million Series E
On October 23, 2025, Redwood Materials, a battery recycling and cathode production company, announced it has closed a $350 million Series E funding round, bringing the total valuation of the company to about $6 billion. The financing was led by Eclipse and included new strategic investor NVentures (NVIDIA’s venture capital arm). The funds will be used to expand the company’s energy storage business and its refining and materials production capacity. Wilson Sonsini Goodrich & Rosati advised Redwood Materials on the transaction.
Client Highlights
9.09.25
Firm Advises Ambient Fuels on Acquisition by Electric Hydrogen
On September 8, 2025, Electric Hydrogen, a U.S. manufacturer of advanced electrolyzers, announced it has acquired Ambient Fuels, a leading hydrogen project developer. Adding Ambient Fuels’ deep development expertise and portfolio of U.S. project sites will expand Electric Hydrogen’s ability to partner with customers on co-development of hydrogen projects and provide dedicated capital resources where appropriate. As part of the transaction, Electric Hydrogen also entered into a strategic relationship with Generate Capital, a leading infrastructure investment platform and former investor in Ambient Fuels, to offer up to $400 million in hydrogen project finance solutions around the globe. Wilson Sonsini Goodrich & Rosati advised Ambient Fuels in the transaction.
Client Highlights
8.28.25
Firm Advises SparkMeter on Platform Acquisition by Honeywell
On August 20, 2025, Honeywell announced the expansion of its Smart Energy portfolio with the tuck-in acquisition of three utility platforms from SparkMeter, Inc., a provider of leading grid management solutions for utilities. The acquisition includes intellectual property and certain related assets from SparkMeter. Wilson Sonsini Goodrich & Rosati advised SparkMeter on the transaction.
Client Highlights
8.28.25
Wilson Sonsini Advises Everbloom on $8 Million Financing to Advance Sustainable Luxury Textiles
On August 19, 2025, Everbloom (Bloom Labs Bio, Inc.), a New York–based textile innovation company, announced the completion of an $8 million financing round led by Hoxton Ventures, with participation from SOSV, Tuesday Capital and others. Wilson Sonsini Goodrich & Rosati advised Everbloom on the transaction.
Client Highlights
8.28.25
Wilson Sonsini Advises Photara on $8 Million Seed Financing
Photara Inc. recently closed an $8 million Seed financing round co-led by Voyager Ventures and Kibo Invest with support from Ahren Innovation Capital, Pace Ventures, and WovenEarth Ventures. Existing investors Prelude Ventures, Breakthrough Energy Fellows, and Baruch Future Ventures also participated in the financing. Wilson Sonsini Goodrich & Rosati advised Photara on the transaction.
Client Highlights
8.27.25
Firm Advises Coral Vita on $8 Million in Series A Funding
Coral Vita, a coral reef restoration company that employs techniques to grow coral up to 50 times faster than in nature, announced it raised over $8 million in Series A funding, making them one of the first coral restoration-focused companies to reach this significant investment stage. The funding round was led by Builders Vision, founded by Walmart heir Lukas Walton, with participation from leading impact investors including Katapult Ocean, iAlumbra, Aureolis Ventures, Colorado Coral, and Rising Tide. Wilson Sonsini Goodrich & Rosati advised Coral Vita on the transaction.